Samir Modi

President, Twenty Four Seven Retail Stores Pvt.Ltd.

Vice President – Confederation of Asia-Pacific Chambers of Commerce & Industry (CACCI)
Member – National Executive Committee of Federation of Indian Chamber of Commerce and Industry (FICCI)
Prominent Member of Retailers’ Association of India
Former Chairman – CSR Committee of PHD Chamber of Commerce
Life Member of AIMA – All India Management Association
Member – PHD Chamber of Commerce
Member – IMC, Indian Merchants’ Chamber

After finishing college in India, he started his career working with Philip Morris U.S.A first as a trainee in the Tobacco fields of North Carolina and then its plants in Richmond, Virginia. He then joined the international division of Philip Morris and later he became the brand manager of Marlboro cigarettes.

Mr. Modi came back to India in 1994, and his first task was to revive K. K. Modi Group’s consumer goods business. In a short span of time, he was able to turn around the group company, Modern Home Care Products Pvt. Ltd., and also gained substantial share of cleaning products market in India.

With a dream of creating enormous wealth and financial freedom in India, Mr. Modi started the first Indian Direct Selling Company, Modicare, in 1996, marketing consumer products.

Mr. Modi felt the need to create a world-class cosmetic company, so Colorbar Cosmetics was born in 2004. The key focus of the company is to provide extensive makeover knowledge, fashion tips and what they should use to its consumer. Colorbar has one of the largest selection of colors for the various categories it has.

Mr. Modi is also the brain behind India’s first of its kind 24-hour convenience store – Twenty Four Seven Retail Stores launched in 2005. As the name suggests all stores are 24 hours operational for all 365 days a year. The outlets have more than 3,000 retail products to choose from including a wide range of international food & beverages.

Regarding social responsibility, Mr. Modi established the Modicare Foundation in 1996, aiming to prevent the spread of HIV/AIDS in India. The Foundation won the President’s Award for their exceptional work in gender related issues in India. The Foundation is also working with children to educate them on life skills.

Mr. Modi is a graduate from the Hindu College, Delhi University and an alumnus of Harvard Business School, U.S.A.